Elimination of Accumulated Deficits Through Capital Reduction and Disposition of Surplus
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2019-Q2.
- FY2019-Q2AchievedAnnual report
「To strengthen its financial position, the Company resolved at a meeting of the Board of Directors held on 16 May 2018 to submit proposals concerning a reduction in capital and the appropriation of surplus to the 70th Annual General Meeting of Shareholders held on 22 June 2018. The proposals were approved at the meeting and became effective on 27 July 2018, following completion of the creditor objection procedures.」
The ¥2,500 million reduction in capital and the offsetting of the deficit through the appropriation of surplus became effective and were completed on 27 July 2018. - FY2019-Q1RestatedAnnual report
「Based on the resolution of the Annual General Meeting of Shareholders held on 22 June 2018, capital was reduced by ¥2,500 million and transferred to other capital surplus, effective 27 July 2018, and the resulting increase in other capital surplus was used to offset the deficit.」
The procedures concerning the ¥2,500 million reduction in capital and the offsetting of the deficit, including the effective date of 27 July 2018, were reconfirmed. - FY2018First statedAnnual report
「To strengthen its financial position, the Company resolved at a meeting of the Board of Directors held on 16 May 2018 to submit proposals concerning a reduction in capital and the appropriation of surplus to the 70th Annual General Meeting of Shareholders held on 22 June 2018. The proposals were approved at the meeting.」
It was decided to reduce capital of ¥6,000 million by ¥2,500 million and transfer the amount to other capital surplus, of which ¥2,752 million would be used to offset the deficit in retained earnings brought forward. The effective date was scheduled for 27 July 2018.